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Jakarta
Tuesday, October 23, 2018
JAKARTA (TheInsiderStories) - Indonesian Government’s auction on oil and gas working areas bore few fruits. Two working areas, South Jambi B and Banyumas, sold among six offered in the second stage of 2018 auction, said one senior official government on Monday (22/10). South Jambi B will be operated by Hongkong Jindi Group. It...
JAKARTA (TheInsiderStories) - Australia's Commonwealth Bank (CB) today announced the sale of its 80 percent interest in its Indonesian life insurance business, PT Commonwealth Life (CL), to Hong Kong-based FWD Group for US$426 million, with potential additional payments payable over time, subject to the performance of the distribution partnership. Under the terms of...
BOGOR (TheInsiderStories) - Indonesia's Financial Services Authority (FSA) will release equity crowdfunding regulation, which can be a source of funding alternative for financial technology (FinTech) start-up companies. The rule-making is targeted to be released this year, a government official said on Monday (23/10). According to the FSA's director Luthfy Fuady, by participating...
JAKARTA (TheInsiderStories) - TNG FinTech Group, Hong Kong-based financial technology company, announces the acquisition of Indonesian based PT WalletKu Indompet Indonesia (WalletKu) for undisclosed amount. As an engaging platform and technology ecosystem in Indonesia, WalletKu offers a range of digital products, including prepaid mobile phones credit top up, bill payments, hotel, airline,...
JAKARTA (TheInsiderStories) - Good morning. Both political camps dug grounds and stuck to their own narratives in presenting their case to court voters in the next general and president election. The opposition camp, which has made a political blunder due to its blind faith on criticisms against the government, continued their attack...
JAKARTA (TheInsiderStories) - Indonesian food producer, PT Tiga Pilar Sejahtera Food Tbk (IDX: AISA), also known TPS Food, holding extraordinary shareholders meeting without board of directors presence on Monday (22/10). The meeting held amid internal conflict between the board commissioners and boar of directors. Spat between TPS Food board of commissioners and board...
JAKARTA (TheInsiderStories) - The disappearance of the Washington Post journalist Jamal Khasshoggi from Saudi Arabia has become the world's attention including Indonesia's President Joko Widodo. The country has announced the reporter has been murdered in their consulate in Istanbul, Turkey on Friday (19/10). In the meeting with Saudi Arabian Foreign Minister Adel bin...
JAKARTA (TheInsiderStories) - The International Monetary Fund (IMF) and the Ukrainian authorities have reached agreement on economic policies for a new 14-month Stand-By Arrangement (SBA). The new SBA will replace the arrangement under the Extended Fund Facility (EFF), approved in March 2015 and set to expire in March 2019. The new SBA,...
JAKARTA (TheInsiderStories) - It has been four years since Joko Widodo and Jusuf Kalla vowed as President and Vice President. Indonesia has both progresses and setbacks. Both leaders celebrated their four year in charge as the highest executive power in Indonesia, highlighting some of key achievements particularly physical infrastructure development and economic stability. However,...
JAKARTA (TheInsiderStories) - The earthquake, tsunami and liquefaction disasters that hit four regions at Palu, Donggala, Sigi and Parigi Moutong, in Central Sulawesi, were directly affected by the disaster. Its estimating the losses of disaster worth of RP13,82 trillion (US$953.10 million), said the National Mitigation Disaster Agency in a written statement. Until...

Latest article

Former Minister Reported Allegations of Import Corruption by Indonesian Gov’t Officials

JAKARTA (TheInsiderStories) - Former Indonesian Coordinating Minister for Maritime Affairs Rizal Ramli reported eight alleged corruption related to food imports to the Corruption Eradication Commission (CEC). Deputy...

BI Holds Key Rate in October Meeting to Maintains Economic Stability

JAKARTA (TheInsiderStories) - Indonesia’s Central Bank (BI) kept its reference seven-day reverse repurchase rate (BI-7DRRR) at 5.75 percent to maintain economic stability, said Bank Indonesia senior deputy governor Mirza...

Indonesian PLN Collects US$1.58B from Issuance of Dual Currency Bonds

JAKARTA (TheInsiderStories) - PT Perusahaan Listrik Negara (PLN), an Indonesian power producer, announced has issued dual currencies bond in US dollar and Euro in this month....

Two Indonesia’s Oil dan Gas Production Areas Sold in Auction

JAKARTA (TheInsiderStories) - Indonesian Government’s auction on oil and gas working areas bore few fruits. Two working areas, South Jambi B and Banyumas, sold among six offered...

Commonwealth Sell 80% Indonesian Unit to FWD Group for US$426M

JAKARTA (TheInsiderStories) - Australia's Commonwealth Bank (CB) today announced the sale of its 80 percent interest in its Indonesian life insurance business, PT Commonwealth Life (CL),...

Equity Crowdfunding Rule for Indonesia’s FinTech Releases This Year

BOGOR (TheInsiderStories) - Indonesia's Financial Services Authority (FSA) will release equity crowdfunding regulation, which can be a source of funding alternative for financial technology (FinTech) start-up...